Income Tax Calculator
Calculate your income tax for FY 2024-25 (AY 2025-26). Compare old and new tax regimes to find the best option for you.
Calculate Your Tax
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Total annual income before deductions
Affects basic exemption in old regime
Deductions (For Old Regime Comparison)
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Income Tax Slabs for FY 2024-25
New Tax Regime
₹0 - ₹3.00 L0%
₹3.00 L - ₹7.00 L5%
₹7.00 L - ₹10.00 L10%
₹10.00 L - ₹12.00 L15%
₹12.00 L - ₹15.00 L20%
Above ₹15.00 L30%
Standard deduction: ₹75,000 | Rebate u/s 87A up to ₹7L
Old Tax Regime
₹0 - ₹2.50 L0%
₹2.50 L - ₹5.00 L5%
₹5.00 L - ₹10.00 L20%
Above ₹10.00 L30%
Standard deduction: ₹50,000 | Deductions: 80C, 80D, HRA, etc.
New vs Old Tax Regime
New Regime Benefits
- Lower tax rates
- Simpler compliance
- Standard deduction of ₹75,000
- Better for those with fewer investments
Old Regime Benefits
- Multiple deduction options
- HRA exemption for rent payers
- Home loan interest deduction
- Better if you have high deductions
Frequently Asked Questions
Disclaimer
This calculator provides estimates based on standard tax rules for FY 2024-25. Actual tax liability may vary based on surcharge (for income above ₹50L), specific deduction rules, and other factors. Please consult a tax professional for accurate tax planning and filing.